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Glencore (GLEN)

153.98p

10:15 30/10/20

  • -0.98% -1.52p
  • Today's Low & High
  • 150.59 / 154.48
  • Open / Previous Close
  • 152.92 / 155.50
  • 52-week range
  • -35.14% -83.42p
  • Volume
  • 4,325,750
  • Market Cap(million)
  • £20,516.78m

153.94p REAL TIME BATS

  • 11:29 30/10/20
  • -0.77%
  • -1.20p

Technical Analysis

Support and resistance levels

S1

145.38
-6.51%

R1

175.81
13.06%

S2

135.46
-12.89%

R2

178.01
14.48%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 152.92
  • 150.34
  • Levels of negotiation support resistance
  • 157.88
  • 160.26

Technical situation

Short-term bearish scenario as long as it does not exceed 175.807.

Recommendation

Short term comment

The price environment is bearish very pressured by the 175.807 area and increasing the risk of overbought and setbacks I would have to overcome 175.807 to propose the change to a more neutral scenario

Long term comment

Between february 24 and may 28 a bearish phase took place and moved the price from 245.177 to 101.887. This phase was corrected by a significative upward reaction that returned the price to 211.580 levels on the 29th of june. After this, the current fall from 211.580 to 152.720 has not reached the previous lows in 101.887, an area of important support.

Indicator Previous Current Signal Comment
RSI 7 25.80 24.70 The RSI indicates oversold (vulnerability of the bearish trend).
RSI 14 34.80 34.00 The RSI does not warn of overbought or oversold.
RSI 21 39.00 38.40 The RSI does not warn of overbought or oversold.
RSI 50 45.60 45.30 The RSI does not warn of overbought or oversold.
RSI 200 47.20 47.10 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Signs of bearish exhaustion with turn signal.
Slow Stochastic n/a n/a Sign of significant bearish exhaustion but no turn signal.
Simple Moving Average 7 164.46 162.61 Trend in the very short term bearish.
Simple Moving Average 21 165.44 165.18 Bearish trend in the short-medium term.
Simple Moving Average 50 169.58 169.17 Bullish in the medium term.
Simple Moving Average 200 168.02 167.67 Lack of long-term trend.
Exponential Moving Average 7 162.86 161.02 Trend in the very short term bearish.
Exponential Moving Average 21 165.93 164.98 Bearish trend in the short-medium term.
Exponential Moving Average 50 168.68 168.16 Bullish in the medium term.
Exponential Moving Average 200 176.41 176.20 Bearish in the long-term trend.
MACD Line 2.00 2.60 Price in downtrend.
MACD Signal 1.20 1.70 Price in downtrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 162.86 161.02 Trend in the very short term bearish.
Double Exponential Moving Average 21 165.93 164.98 Bearish trend in the short-medium term.
Double Exponential Moving Average 50 168.68 168.16 Bullish in the medium term.
Double Exponential Moving Average 200 176.41 176.20 Bearish in the long-term trend.
Divergences n/a n/a NO
On Balance Vol. -59,232,096.00 -81,569,416.00 OBV supports falls.
Momentum 7 -12.18 -11.66 Short term fall speed is extremely fast.
Momentum 7 -16.72 -15.78 Short term fall speed is extremely fast.
% K Williams 86.80 88.80 Oversold, would support a bullish turn.
Priority Date Notification
30/10/2020 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
30/10/2020 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
30/10/2020 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
29/10/2020 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
29/10/2020 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
28/10/2020 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
28/10/2020 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
28/10/2020 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
27/10/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
27/10/2020 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
27/10/2020 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.